Space industry
Virgin Orbit information for Chapter 11 individual bankruptcy protection in the U.S.
The firm’s modified 747 jet “Cosmic Lady” in Mojave, California. Virgin Orbit Virgin Orbit on Tuesday filed for Chapter 11 personal bankruptcy safety in the U.S. following failing to protected a funding lifeline. The California-based mostly satellite start organization lodged the filing in the U.S. Bankruptcy Court in the District of Delaware and is looking […]
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NASA unveils the four astronauts who will fly on the Artemis 2 mission around the moon in 2024
NASA Administrator Bill Nelson, center, stands with the crew of the Artemis II mission, from left: Jeremy Hansen, Victor Glover, Reid Wiseman, and Christina Koch. NASA TV The National Aeronautics and Space Administration on Monday announced the four astronauts who will fly on the agency’s upcoming mission around the moon, currently scheduled for late 2024. […]
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Here’s what went wrong with Virgin Orbit
Virgin Orbit crew poses at the opening bell ceremony as a 70 foot model rocket with satellites is placed in front of the NASDAQ in Times Square of New York City, United States on January 7, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Not too long ago, Virgin Orbit was in rarified air […]
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Virgin Orbit fails to secure funding, will cease operations and lay off 90% of workforce
The company’s 747 jet “Cosmic Girl” releases a LauncherOne rocket in mid-air for the first time during a drop test in July 2019. Greg Robinson / Virgin Orbit Virgin Orbit is ceasing operations “for the foreseeable future” after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting on Thursday […]
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Satellite imagery venture Planet reports record quarterly revenue to cap strong year
The New York Stock Exchange welcomes Planet (NYSE: PL), on Wed. Dec. 8th, in celebration of its listing. To honor the occasion, Will Marshall, Co-Founder & CEO, and Robert Schingler Jr., Co-Founder & Chief Strategy Officer, joined by Stacey Cunningham, NYSE President, ring The Opening Bell®. NYSE Planet on Wednesday delivered another record quarter of […]
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Space infrastructure company Redwire trims quarterly losses, builds order backlog
Pete Cannito, Redwire Corporation at the New York Stock Exchange, September 8, 2021. Source: NYSE Space infrastructure company Redwire reported fourth-quarter results on Wednesday, saying it further trimmed its losses and built its order backlog. After rising as much as 10% in premarket trading, Redwire stock fell slightly soon after the opening bell. related investing […]
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Virgin Orbit extends unpaid pause as Brown deal collapses, ‘dynamic’ talks continue
NEWQUAY, ENGLAND – JANUARY 09: A general view of Cosmic Girl, a Boeing 747-400 aircraft carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Virgin Orbit launches its LauncherOne rocket from the spaceport in Cornwall, marking the first ever […]
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Starlink rival OneWeb aims for world wide satellite world wide web protection soon after passing a crucial milestone
OneWeb, a rival to Elon Musk’s Starlink world-wide-web satellite venture, is aiming to roll out coverage globally just after efficiently launching the closing batch of satellites required for its broadband provider over the weekend. The British startup launched an added 36 satellites Sunday morning from the Satish Dhawan Room Centre in Sriharikota, India, getting its […]
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Space companies Spire and Momentus get stock exchange delisting warnings
Spire Global at the New York Stock Exchange, August 17, 2021. Source: NYSE A pair of space companies received delisting warnings on Friday, according to securities filings, as both ventures’ stock prices stood below $1 a share. Small satellite builder and data specialist Spire Global received a notice from the New York Stock Exchange, while […]
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Rocket Lab targets $50 million launch price for Neutron rocket to challenge SpaceX’s Falcon 9
Rocket Lab is building a bigger, reusable launch vehicle called Neutron, and it’s targeting a price point near $50 million per launch to challenge Elon Musk’s SpaceX. “We are positioning Neutron to compete directly with the Falcon 9,” Rocket Lab Chief Financial Officer Adam Spice said earlier this week, speaking at a Bank of America […]
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